FrontView REIT (NYSE:FVR) Earns "Underperform" Rating from Bank of America

FrontView REIT (NYSE:FVR - Get Free Report)'s stock had its "underperform" rating reaffirmed by investment analysts at Bank of America in a report released on Tuesday,Benzinga reports. They currently have a $11.00 price objective on the stock, down from their previous price objective of $15.00. Bank of America's price target points to a potential downside of 5.34% from the company's previous close.

Several other research firms also recently issued reports on FVR. JPMorgan Chase & Co. downgraded FrontView REIT from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $14.00 to $12.00 in a report on Tuesday. Wells Fargo & Company reduced their price target on shares of FrontView REIT from $19.00 to $17.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, FrontView REIT has a consensus rating of "Hold" and an average price target of $16.80.

FrontView REIT Stock Up 0.7%

Shares of FVR traded up $0.08 during midday trading on Tuesday, reaching $11.62. The stock had a trading volume of 1,137,990 shares, compared to its average volume of 252,058. The firm's 50 day moving average price is $11.82 and its 200-day moving average price is $14.96. FrontView REIT has a 52 week low of $10.61 and a 52 week high of $19.76.

FrontView REIT (NYSE:FVR - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). The business had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.45 million. On average, equities analysts predict that FrontView REIT will post 1.22 EPS for the current fiscal year.

Insider Buying and Selling at FrontView REIT

In related news, CEO Randall Starr purchased 3,716 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were acquired at an average cost of $13.34 per share, with a total value of $49,571.44. Following the completion of the purchase, the chief executive officer now directly owns 3,716 shares of the company's stock, valued at $49,571.44. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.30% of the company's stock.

Institutional Trading of FrontView REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp bought a new stake in shares of FrontView REIT during the fourth quarter worth approximately $2,105,000. Citadel Advisors LLC bought a new stake in shares of FrontView REIT during the 4th quarter valued at $15,410,000. Deutsche Bank AG acquired a new position in shares of FrontView REIT in the 4th quarter valued at $374,000. JPMorgan Chase & Co. acquired a new position in shares of FrontView REIT in the 4th quarter valued at $736,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of FrontView REIT in the 4th quarter worth $754,000.

FrontView REIT Company Profile

FrontView REIT specializes in real estate investing.

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